The practice of adjusting pricing and availability strategies for short-term rentals to maximize revenue. It involves analyzing market trends, seasonality, competitor activity, and other factors to optimize occupancy and average daily rates.
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The income generated from renting out a property on a short-term basis, typically calculated on a nightly or weekly basis.
A budgeting method where short-term rental hosts start from scratch each month or season, justifying every expense and aligning it with their…
Implementing eco-friendly measures in short-term rental operations, such as energy-efficient appliances, water conservation efforts, waste reduction, and the use of sustainable products.
An individual who occasionally rents out their primary residence or a spare room on platforms like Airbnb, often for supplemental income.